The Sharing Economy

 

This new economic model is based on a society of sharing and aims to create value by promoting the collective use of goods and collaborative consumption between users.

 

Having community resources is not a new idea. By the 13th century, agricultural equipment was already being shared since those working the land need only to use this equipment, without necessarily needing to own it. Instead, agricultural tools belonged to the community at large. Today, in our consumer-based society, most people have a drill at home.

 

According to the website Les Affaires, a drill is only used for about 12 minutes by its owner during its life cycle. A drill is but one example. Your fondue set only comes out of your cupboard maybe once or twice a year. Your tent only sees the light of day two or three weekends a year.

According to Jonathan Parent, an expert on the sharing economy, the rarely-used items in the average home are valued at somewhere between $6,000 and $7,000. This is massive. Such expenditures are far from ideal! The sharing economy offers a solution by recuperating this wasted value and can earn thousands of dollars per year.

 

You have probably already contributed to the sharing economy. You have surely already used a carpooling service or rented accommodations from someone. According to a study released by Statistics Canada in May 2018, Canadians spent $ 1.3 billion between November 2015 and October 2016 on transport services between individuals and private accommodation rental.(1)

 

Rentingisbetter brings a new, innovative proposal to the sharing economy by offering a service for individuals to rent out items to one another. Rentingisbetter.com is a simple platform that focuses on security and trust within the sharing economy.

 

Thanks to this website, you now get reimboursed for your goods in only 15 rentals or so and, after that, begin to make a profit.

 

Further, you will join a community that truly cares about environmental ethics.

 

(1) L'économie de partage, une affaire de 1,3 milliard $ au Canada, les Affaires, 28 février 2017